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Naspers hits record as Mail.ru prices IPO

Nov 05 2010 10:41 Reuters

Company Data

Naspers Ltd -n- [JSE : NPN]

Last traded R457.28
Change R7.08
% Change 1.57%
Cumulative volume 1.18m
Market cap R188.27bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - Shares of SA media firm Naspers [JSE:NPN] have hit a record high, after Russian firm Mail.ru, in which it has a nearly 30% stake, prices its initial public offering at the top of its guidance, raising $912m.

Mail.ru, an internet firm and Facebook investor, priced its London listing at $27.7 per share, valuing the company at $5.7bn and making it Europe's largest listed internet firm.

Shares of Naspers are up 2.43% at R379, the highest level since listing in 1994, according to Thomson Reuters data.

 
 
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